Magnolia Oil & Gas (NYSE:MGY) Rating Lowered to Hold at Wall Street Zen

Magnolia Oil & Gas (NYSE:MGY) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

MGY has been the topic of several other reports. Weiss Ratings raised shares of Magnolia Oil & Gas from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Citigroup decreased their target price on shares of Magnolia Oil & Gas from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Wells Fargo & Company decreased their target price on shares of Magnolia Oil & Gas from $36.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Zacks Research downgraded shares of Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, Johnson Rice upgraded shares of Magnolia Oil & Gas from a “hold” rating to an “accumulate” rating and dropped their target price for the stock from $33.00 to $32.00 in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.53.

Magnolia Oil & Gas Price Performance

Shares of NYSE:MGY opened at $25.36 on Friday. Magnolia Oil & Gas has a 1-year low of $21.07 and a 1-year high of $32.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 1.58. The business has a fifty day moving average price of $25.86 and a 200-day moving average price of $26.99. The company has a market capitalization of $6.01 billion, a PE ratio of 11.12 and a beta of 0.80.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The firm had revenue of $478.81 million during the quarter, compared to analyst estimates of $458.10 million. Magnolia Oil & Gas had a return on equity of 21.04% and a net margin of 28.77%. Magnolia Oil & Gas’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. As a group, equities analysts expect that Magnolia Oil & Gas will post 2.72 EPS for the current fiscal year.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, Director David Khani acquired 8,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, the director directly owned 30,622 shares in the company, valued at approximately $765,550. This trade represents a 35.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Magnolia Oil & Gas

Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its holdings in shares of Magnolia Oil & Gas by 11.0% during the 2nd quarter. Allworth Financial LP now owns 5,760 shares of the company’s stock valued at $147,000 after buying an additional 571 shares during the period. GAMMA Investing LLC boosted its stake in shares of Magnolia Oil & Gas by 10.1% in the 2nd quarter. GAMMA Investing LLC now owns 7,572 shares of the company’s stock worth $194,000 after buying an additional 697 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Magnolia Oil & Gas by 45.4% in the first quarter. Parallel Advisors LLC now owns 2,572 shares of the company’s stock worth $81,000 after acquiring an additional 803 shares during the period. Cetera Investment Advisers grew its holdings in shares of Magnolia Oil & Gas by 5.2% in the first quarter. Cetera Investment Advisers now owns 17,549 shares of the company’s stock worth $554,000 after acquiring an additional 867 shares during the period. Finally, Sanctuary Advisors LLC increased its position in Magnolia Oil & Gas by 7.3% during the first quarter. Sanctuary Advisors LLC now owns 12,744 shares of the company’s stock valued at $402,000 after acquiring an additional 868 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Trending Headlines about Magnolia Oil & Gas

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Neutral Sentiment: Wells Fargo maintained its Hold rating while cutting its price target, indicating limited near-term upside in the bank’s view. Magnolia Oil & Gas Stock Price Target Cut by Wells Fargo & Company
• Neutral Sentiment: Scotiabank initiated coverage with a Sector Perform rating, signaling expectations that MGY will perform broadly in line with the oil-and-gas sector. Scotiabank Initiates Coverage on Magnolia Oil & Gas With Sector Perform Rating
• Negative Sentiment: Zacks Research downgraded Magnolia Oil & Gas from Strong Buy to Hold, removing a bullish analyst endorsement. Zacks Research Downgrades Magnolia Oil & Gas
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to $0.38 from $0.40 and reduced estimates for Q4 2026 and full-year 2026 to $0.58 and $2.48, respectively, from $0.78 and $2.71.
• Negative Sentiment: The revisions extend into 2027 and 2028: FY2027 EPS was lowered to $2.23 from $2.82, while FY2028 EPS was reduced to $2.80 from $3.19. Quarterly estimates for Q1–Q3 2027 and Q1–Q3 2028 were also cut, pointing to weaker expected earnings momentum.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation is an independent oil and natural gas exploration and production company. The company focuses on the acquisition, development, exploration and production of crude oil, natural gas and natural gas liquids.

Magnolia’s operations are concentrated in the Eagle Ford Shale and Austin Chalk formations in South Texas, including its Karnes and Giddings areas. Its production activities are supported by established infrastructure and involve the development of unconventional oil and gas resources.

The company was formed in 2017 through a business combination involving TPG Pace Energy Holdings Corp.